VHGI Gold Contracts for Treasure Gulch Development Work & Retains Stock Analyst; VHGI Clarifies Potential Asset Sale

LEXINGTON, Ky., Dec. 4 /PRNewswire-FirstCall/ — Virtual Health Technologies, Inc. (OTC Bulletin Board: VHGI) announced today that development studies were underway at the Treasure Gulch Gold Mine and confirmed that an analyst had been retained to profile VHGI Gold. Additionally, they notified shareholders that the potential sale of its healthcare technology assets to Wound Management Technologies, Inc. (WNDM) is still under review by the board of directors of VHGI, but emphasized that any sale would not include VHGI’s interest in Private Access, Inc.

Treasure Gulch Gold Mine Development Plan

VHGI Gold announced that they have retained outside consultants to conduct due diligence and develop a Mining Development Strategy for the Treasure Gulch Gold Mine. Unverified historical due-diligence material estimates Proven and Probable Gold Reserves in excess of $35,000,000.00 using a valuation of $800.00 per ounce. Detailed sampling of various aspects of the property have been called for and it is expected that initial results will produce laboratory Gold within 4-6 weeks from the testing commencement.

Upcoming VHGI Gold Analyst Report

Additionally, VHGI has confirmed that they have retained a well renowned analyst with a following in both gold and technology companies to analyze the data and profile VHGI. The anticipated analyst report will be released via PR Newswire and other media outlets as soon as it has been completed.

Potential Asset Sale Clarification

Management continues its evaluation of the previously announced sale of its healthcare technology assets to Wound Management Technologies, Inc. through the due diligence process. We shall continue to evaluate what will yield the greatest value for our shareholders and as progress is made within our healthcare technology subdivisions we shall work daily with the Wound Management staff to see how best to utilize these assets and to determine how to maximize their value in strengthening its healthcare relationships and grow revenues for both companies.

Management stressed that the potential transaction would not include VHGI’s interest in Private Access, Inc., including stock ownership, convertible debt and options to acquire additional stock in Private Access, a licensee of its subsidiary Secure eHealth’s STN (System Tray Notifier) application and the innovator in privacy-enhanced search technology headquartered in Irvine, California. Initial collaboration partners of Private Access include VHGI, Pfizer Inc. and Genetic Alliance.

“The licensing of technology to Private Access and VHGI’s interest in Private Access, Inc. continues to represent a tremendous value for VHGI shareholders,” stated Jim Renfro, President of VHGI. “The integration of our technology in addition to investing with partners like Private Access fits well with our objective of leveraging different performance-based sectors of the economy to maximize returns for our shareholders.”

More Information

Investors are invited to obtain information concerning our operations at http://www.virtualhealthtechnologies.com or http://www.vhgigold.com or by calling shareholder relations at 859-514-6982.

About Virtual Health Technologies, Inc.

VHGI is a diverse company with assets and interests focusing on opportunities within the Healthcare Technology Industry and Precious Metals / Energy Resources Markets. VHGI has recently initiated steps to leverage the company’s operating history and corporate resources within the Gold Mining, Precious Metals and Energy Resources Markets. Although Gold is selling at 25 year high prices and Oil & Gas continue to be trading at significant premiums, global economic events have created significant opportunities within these markets. VHGI intends to pursue these opportunities through Lease-Purchase opportunities, Acquisitions and Joint Ventures for the goal of enhanced shareholder value.

Virtual Health Technologies, Inc. cautions investors that none of the information concerning the valuations of mineral deposits or other data reported above have been verified by outside geologists or other verifiable sources.

“Safe Harbor” Statement:

VHGI cautions investors that none of the information concerning the valuations of mineral deposits or other data reported above has been verified by outside geologists or other verifiable sources beyond representations made to VHGI which ultimately came from the owner of the subject property. The United States Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this website, such as “reserves,” “resources,” “geologic resources,” “proven,” “probable,” “measured,” “indicated,” and “inferred,” that the SEC guidelines strictly prohibit us from including in our filings with the SEC. Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company’s expectations with regard to the future impact on the company’s results from new products in development are “forward-looking statements,” within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company’s actual results may differ materially from expected results. This document may contain forward-looking statements concerning the Company’s operations, current and future performance and financial condition. These items involve risks and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, the ability to consummate and integrate acquisitions, and other risks and uncertainties detailed in the Company’s SEC filings. The Company undertakes no obligation to revise any of these statements to reflect the future circumstances or the occurrence of unanticipated events.

For Further Information:

Shareholder Relations – Communications 859-514-6982

SOURCE Virtual Health Technologies, Inc.